Challenge problem approach to business dynamics and decision-making for process engineers

R. S. Huss; M. F. Malone; M. F. Doherty; M. M. Alger

doi:10.1016/S1570-7946(03)80547-3

Challenge problem approach to business dynamics and decision-making for process engineers

R. S. Huss, M. F. Malone, M. F. Doherty, M. M. Alger

Chemical Engineering

Research output: Contribution to journal › Article › peer-review

Abstract

We describe challenge problems for process systems engineering to address uncertainties and business dynamics in an integrated approach to decision-making. Experience with the approach shows the value of a variety process systems methods as well as attention to both the process system and the product. For example, simulations are essential to justify proposed process retrofits and conceptual design targets are important in estimating the maximum possible cost reductions. Investments in product innovation and market development are also vital.

Original language	English (US)
Pages (from-to)	220-225
Number of pages	6
Journal	Computer Aided Chemical Engineering
Volume	15
Issue number	C
DOIs	https://doi.org/10.1016/S1570-7946(03)80547-3
State	Published - 2003

All Science Journal Classification (ASJC) codes

General Chemical Engineering
Computer Science Applications

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

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10.1016/S1570-7946(03)80547-3

Cite this

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abstract = "We describe challenge problems for process systems engineering to address uncertainties and business dynamics in an integrated approach to decision-making. Experience with the approach shows the value of a variety process systems methods as well as attention to both the process system and the product. For example, simulations are essential to justify proposed process retrofits and conceptual design targets are important in estimating the maximum possible cost reductions. Investments in product innovation and market development are also vital.",

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Challenge problem approach to business dynamics and decision-making for process engineers

Abstract

All Science Journal Classification (ASJC) codes

UN SDGs

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